[Mac_crypto] Re: Peppercoin Raises $4 Million in First Round Funding, Appoints CEO

[R. A. Hettinga]

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Date: Wed, 24 Sep 2003 12:45:58 -0700
From: Gregory Alan Bolcer <gbolcer@endeavors.com>
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Subject: Re: Peppercoin Raises $4 Million in First Round Funding,	Appoints
 CEO
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Adam L Beberg wrote:
> 
> Hahaha... "about 7 percent per transaction" - NOT mentioned on the 
> website anywhere, I had to look in a Wired article - we call that an 
> "F*** the merchant" rate folks, even AMEX isn't that high.


                trillions of   trillions
       medium   transactions   of dollars
   ----------   ------------   ----------
         cash       550          2.2

       checks        62           73

   electronic        19          544
     transfer

(Source TBTF 1997)

micropayments      *             *

* under the radar


-- 
Gregory Alan Bolcer, CTO  | work: +1.949.833.2800
gbolcer at endeavors.com  | http://endeavors.com
Endeavors Technology, Inc.| cell: +1.714.928.5476








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R. A. Hettinga <mailto: rah@ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
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